|Procurement Solutions for Automotives industry|
Global market conditions for automotive industry companies could not be more demanding. But if the challenges are numerous, so are the opportunities for procurement and supply management teams to affect business performance in positive ways. Zycus is here to help. We offer customized solutions that are highly attuned to the auto industry’s unique requirements and challenges.
Procurement Performance Impact
360-degree spend visibility combined with intelligent sourcing gives auto industry procurement teams enormous power to maintain cost competitiveness, increase profitability, minimize exposure to risk, accelerate cash flow and capture innovation from a global base of suppliers.
Disciplined and thorough management of suppliers and contracts empowers automotive procurement teams to affect such business performance levers as product quality, safety and reliability, production costs, plant up-time, yield, return on capital, warranty costs and regulatory compliance. Such solutions also enable auto companies to transition away from traditionally adversarial and risk-shifting supply relationships into collaborative supply relationships that can mitigate and remove risk from supply chains.
|How Zycus Solution Can Help
With its patented AI-powered spend-classification engine that learns data idiosyncrasies for entire industries such as automotive, Zycus offers both standard and custom spend taxonomies that can be leveraged to accelerate analysis and drive spend classification accuracy across all categories to 90% and beyond. The complete Zycus Spend Analysis solution (iAnalyze, iCost & iMine) empowers auto companies to:
The Zycus e-Sourcing solution is built for speed. It collapses sourcing cycle times to ensure continuous supply feeds to production lines and enables automotive companies to take full advantage of favorable commodity market conditions as they arise and drive suppliers to true market pricing using live e-auctions. Capable of modeling competitive sourcing events for everything from simple commodities to highly complex major subassemblies, the Zycus e-Sourcing solution (iSource & iOptimize) empowers auto companies to:
With its unique blend of supplier information management, performance management and collaborative performance improvement capabilities, the Zycus Supplier Management solution (iSupplier & iPerform) empowers auto companies to:
The Zycus Contract Management solution (iContract) minimizes risk exposure in contracts and empowers auto companies to: